Related Companies

City seeks to revoke access to office rooftops made for employee mingling

Rendering of L&L Holding Company’s planned rooftop terrace at 390 Madison Avenue

July 5, 2017

City seeks to revoke access to office rooftops made for employee mingling

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Update 7/31/17: The Post reports that the DOB recently sent landlords a draft memo clarifying that, aside from minor details, terraces are allowed "as open passive recreation space."  To give workers a comfortable and conducive work space, some companies have outfitted their offices with amenities like on-site fitness centers, free coffee and outdoor space. However, the city’s Department of Buildings has launched a campaign to stop or delay these rooftop terraces on office towers, claiming the spaces can only be used for plants, not people. As the New York Post reported, DOB may not approve office terrace plans and may even rescind already approved plans.
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A plan for a 24/7 Governors Island community is in the works
June 19, 2017

A plan for a 24/7 Governors Island community is in the works

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The 172-acre Governors Island first opened as a publicly accessible outdoor space in 2005, but it's still open just 120 days per year, with the city spending over 10 years trying to figure out what to do with the rest of this teeming-with-potential site. Just last year a new 40-acre park and playground opened, and the area is now ready for its next major revitalization. As Crain’s reports, the Trust for Governors Island will roll out a plan to create a 24/7 community with even more public parks, nonprofit tenants related to the site's maritime history, restaurants, and five million square feet of new commercial, office, and education space.
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Finance firms in talks to move to Vornado’s proposed Hotel Pennsylvania-replacing supertall

A rendering of the Pelli Clarke Pelli design for 15 Penn Plaza, courtesy of Vornado

May 10, 2017

Finance firms in talks to move to Vornado’s proposed Hotel Pennsylvania-replacing supertall

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Plans to replace the century-old Hotel Pennsylvania with a 1,216-foot office building have surfaced again. Financial firms Morgan Stanley and Deutsche Bank are reportedly contemplating a move to Vornado Realty Trust’s planned supertall skyscraper, 15 Penn Plaza, according to the Post. Vornado first won the city’s approval in 2007 to build a supertall at the location of Hotel Pennsylvania on Seventh Avenue and nearly signed a deal with Merrill Lynch to be a tenant until the financial crisis dissolved the agreement. This design, by Pelli Clarke Pelli, is being presented to the firms along with new options says a source.
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New renderings of Hudson Yards’ retail and restaurant spaces
May 9, 2017

New renderings of Hudson Yards’ retail and restaurant spaces

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Yesterday, it was announced that celebrity chef José Andrés, credited with bringing the small-plate concept to the U.S., will be opening a massive Spanish food hall at Hudson Yards, closing a deal for the 35,000-square-foot space at 10 Hudson Yards that Shake Shack guru Danny Meyer had previously been in talks for. On the heels of the news, developers Related Companies and Oxford Properties Group released new renderings of the retail and restaurant spaces coming to the mega-development (h/t Curbed), most of which will be located in the "Shops and Restaurants at Hudson Yards," a seven-story building that will hold the majority of the 25 restaurants and anchor tenant Neiman Marcus.
More renderings and details ahead
Related’s Stephen Ross kicks off construction on Hudson Yards’ 150-foot climbable ‘Vessel’

First Piece of Vessel Installed 04.18.2017 – courtesy of Related-Oxford

April 18, 2017

Related’s Stephen Ross kicks off construction on Hudson Yards’ 150-foot climbable ‘Vessel’

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The standard for public art spaces has officially reached new heights. Today, the installation has begun on Vessel, an innovative landmark designed by Heatherwick Studio at Hudson Yards. As 6sqft previously wrote, the project’s idea stems from Related Companies' chairman Stephen Ross, who chose Heatherwick to design the $200 million (up as of today from the original $150 million estimate) large-scale piece of art. After being fabricated and constructed in Monfalcone, Italy, the first ten pieces of the 150-foot-tall steel structure arrived in January at the Port of Newark via ship and then traveled across the Hudson River. And as of this morning, Ross was on site to mark the first of these massive components (they each weigh close to 100,000 pounds) being put into place by crane.
See photos from Vessel's installation and watch a video of Stephen Ross' remarks
Related adding 15 art galleries around Zaha Hadid’s 520 West 28th Street
March 13, 2017

Related adding 15 art galleries around Zaha Hadid’s 520 West 28th Street

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Related Companies is looking to expand on Chelsea's cultural character as a world-famous art district, as well as expand this "gallery corridor" north towards Hudson Yards, as part of an initiative called The New West Chelsea. According to a press release from the developer, they're adding 15 new gallery spaces around their luxury condo at 520 West 28th Street, the late Zaha Hadid's undulating High Line stunner. A new space called High Line Nine, which will be located next to the condo and under the elevated park, will be modeled on a European galleria, complete with nine "boutique exhibition spaces," a cafe/wine bar with outdoor seating, catering kitchen, and amenity packages. They'll also add four galleries within the base of the condo, as well as two stand-alone spaces on the block.
More renderings and details ahead
Pieces of Thomas Heatherwick’s massive, climbable ‘Vessel’ arrive at Hudson Yards site
January 13, 2017

Pieces of Thomas Heatherwick’s massive, climbable ‘Vessel’ arrive at Hudson Yards site

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Back in September, Related Companies chairman Stephen Ross finally unveiled the large-scale artwork that would anchor the central public space within Hudson Yards. As Ross revealed, Thomas Heatherwick was chosen to design the piece, and it would cost an incredible $150 million to build. Dubbed "The Vessel,” the climbable sculpture would rise 16-stories—150 feet tall, 50 feet wide at its base and 150 feet wide at the top—and consist of a web of 154 concrete and steel staircases with 2,500 steps, 80 landings and an elevator; the piece, in fact, so massive that it could comfortably accommodate 1,000 visitors at a time. The sculpture was to be constructed in Monfalcone, Italy before being shipped to its home on the Hudson River. And now CityRealty reports that parts of what Ross once called "New York's Eiffel Tower" have officially arrived at the site and await assembly.
More photos this way
Announcing 6sqft’s 2016 Building of the Year!
December 14, 2016

Announcing 6sqft’s 2016 Building of the Year!

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You came, you voted, and now it's time to award the title of 2016 Building of the Year to none other than 520 West 28th Street! The undulating beauty along the High Line beat out 11 other game-changing buildings in a fierce two-week competition held right here on 6sqft. Out of nearly 25,000 votes cast, the Zaha Hadid-designed, Related Companies-developed structure emerged as the winner, taking away 8,382 of the count, or 33.62% of the total.
more details on the runners-up
VOTE for 6sqft’s 2016 Building of the Year!
December 10, 2016

VOTE for 6sqft’s 2016 Building of the Year!

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For new developments, 2015 was the year of reveals, but 2016 was all about watching these buildings reshape our city. Ahead we've narrowed a list of 12 news-making residential structures, each noted for their distinctive design, blockbuster prices, or their game-changing potential on the skyline or NYC neighborhoods. Which of these you think deserves 6sqft's title of 2016 Building of the Year? Have your say below. Polls for our third annual competition will be open up until 11:59 p.m., Sunday, December 11th*, and we will announce the winner on Tuesday, December 13th!
Learn more about each of the buildings in the running here
Norman Foster will design 985-foot tower at 50 Hudson Yards
December 8, 2016

Norman Foster will design 985-foot tower at 50 Hudson Yards

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It's been 14 months since developer Related Companies bought the site of a former McDonald's at 34th Street and 10th Avenue, the final parcel needed to complete Hudson Yards. Initial reports said the site of 50 Hudson Yards would hold a 62-story, 1,000+ foot commercial tower, but Related and Oxford Properties Group have now revealed that the structure will rise 58 stories and 985 feet and be designed by starchitect Norman Foster. As first reported by Curbed, the news comes on the heels of BlackRock's decision to sign a 20-year lease for 15 floors, or 850,000 square feet, in the building, leaving their long-time Park Avenue home in a show of confidence in the mega-complex.
Get more details ahead
Listings go live at 15 Hudson Yards, the development’s first residential building
October 19, 2016

Listings go live at 15 Hudson Yards, the development’s first residential building

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In anticipation of its sales launch, 15 Hudson Yards released a slew of new renderings last month, showcasing "new views of the bundled quad of cylinders that make up its body, as well as its rectilinear base that will abut the Shed," as 6sqft reported. And now without further ado, listings for the 285 market-rate condos (there will also be 106 affordable rentals) have officially come online, ranging from a $3.7 million two-bedroom on the 25th floor to a $13.8 million penthouse on the 84th floor, according to Curbed.
Find out more and see renderings and floorplans
REVEALED: Thomas Heatherwick’s $150M climbable Hudson Yards sculpture ‘The Vessel’
September 14, 2016

REVEALED: Thomas Heatherwick’s $150M climbable Hudson Yards sculpture ‘The Vessel’

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It was nearly three years ago that Related Companies chairman Stephen Ross boasted that Hudson Yards' public art piece would be "New York’s Eiffel Tower," and after an unveiling today of the massive sculpture that will anchor the central public space, it seems he might not have been too far off.
More details and renderings this way
New views of curvaceous 15 Hudson Yards ahead of this week’s sales launch
September 12, 2016

New views of curvaceous 15 Hudson Yards ahead of this week’s sales launch

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15 Hudson Yards, the first of two residential towers that Related Companies and Oxford Properties have planned for the massive complex, started its climb into the far west side skyline back in March, and now, seven months later, it's readying for a sales launch this week. According to a press release, condos will start at about $2 million for one-bedrooms and go up to $30 million for the penthouses. To coincide with the 285 market-rate condos hitting the market (there will also be 106 affordable rentals, for which details have yet to be released), YIMBY has gotten its hands on new renderings of the 910-foot building, which, as 6sqft previously described, has been dubbed the "Morph Tower" for its "curvaceous and feminine design" from Diller Scofidio + Renfro in collaboration with Rockwell Group. The images provide new views of the bundled quad of cylinders that make up its body, as well as its rectilinear base that will abut the Shed.
More renderings and details ahead
Could This Glass-Enclosed Farm/Condo Grow on Rem Koolhaas’ High Line Site?
August 5, 2016

Could This Glass-Enclosed Farm/Condo Grow on Rem Koolhaas’ High Line Site?

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From multidisciplinary architectural firm Weston Baker Creative comes this vision of glass, grass and sass in the form of a mixed-use high-rise springing from the Rem Koolhaas parcel along Tenth Avenue and West 18th Street on banks of the High Line. As CityRealty reported, the mixed-use concept would include residences, an art gallery and ten levels of indoor farming terraces. The 12-story structure would rise from a grassy plaza, with the tower's concrete base meeting the High Line walkway in a full-floor, glass-enclosed gallery that would sit at eye level with the park.
Find out more
Hudson Yards Is Costing Taxpayers Over $100 Million More Than Expected
June 1, 2016

Hudson Yards Is Costing Taxpayers Over $100 Million More Than Expected

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The opening of the first Hudson Yards tower dominated headlines Tuesday, but with this milestone also came a resurgence of criticism. As Crain's reports, the Independent Budget Office has released a new study (pdf) highlighting that, to date, the city has spent nearly $359 million paying interest on $3 billion in bonds that were taken out to pay for infrastructure around Hudson Yards, including the expansion of the 7 train. The city had originally anticipated spending between just $7.4 and $205 million from start through 2016.
READ MORE
Related Launches Hudson Yards Living Website With New Renderings
May 4, 2016

Related Launches Hudson Yards Living Website With New Renderings

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On the heels of the news that Hudson Yards will add $18.9 billion to the city's GDP and the reconfirmation that the developers will build an iconic $200 million sculpture at the center of the plan's plaza, Related quietly launched a new Hudson Yards Living website, providing general information for prospective residents and a few new images of the $20 billion master plan.
More details and renderings this way
Curvaceous ‘Morph Tower’ Begins Its Rise at 15 Hudson Yards, Abutting the Culture Shed
March 23, 2016

Curvaceous ‘Morph Tower’ Begins Its Rise at 15 Hudson Yards, Abutting the Culture Shed

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The foundation mat has been poured, and Hudson Yards' first residential building, Tower D at 15 Hudson Yards, is beginning its climb into the burgeoning far west side skyline. Situated alongside the High Line, at the northeast corner of West 30th Street and Eleventh Avenue, 15 Hudson Yards will house nearly 400 apartments and soar more than 900 feet high upon completion. Discounting the enormous spire on the New York Times Building, the tower will be for a short while the tallest building in Manhattan west of Eighth Avenue. It will also abut the Culture Shed, likely to be the city's next great cultural venue. The skyscraper will be the first of two residential towers that Related Companies and the Oxford Properties have planned for eastern rail yards. The second will be the 1,000-foot-tall 35 Hudson Yards, and they will join the 900-foot Coach Tower at 10 Hudson Yards and the 1,296-foot 30 Hudson Yards.
More details and renderings ahead
Skyline Wars: What’s Rising in Hudson Yards, the Nation’s Largest Construction Site
February 19, 2016

Skyline Wars: What’s Rising in Hudson Yards, the Nation’s Largest Construction Site

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Carter Uncut brings New York City’s breaking development news under the critical eye of resident architecture critic Carter B. Horsley. This week Carter brings us the third installment of “Skyline Wars,” a series that examines the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. In this post Carter zooms in on Hudson Yards. The Hudson Yards neighborhood in Far Midtown West is one of the country’s most active construction areas. Construction cranes dot its emerging skyline and dozens more are promised now with the district's improved connection to the rest of the city. Last fall, the 7-line subway station at Eleventh Avenue and 34th Street opened with one-stop access to Times Square. The newly-minted station features a lengthy diagonal escalator bringing commuters to the front-door of the huge mixed-use project being created over the rail yards west of Tenth Avenue between 30th and 33rd streets. Originally, a second station was contemplated on 41st Street and Tenth Avenue but transit officials claimed it could not afford the $500 million expenditure, despite the enormous amount of new residential construction occurring along the far West 42nd Street corridor. Nevertheless, the finished Hudson Yards station deposits straphangers into a new diagonal boulevard and park between 10th and 11th Avenues that will ultimately stretch from the Related Companies / Oxford Property Group's Hudson Yards master plan northward to 42nd Street.
read more from carter here
Crane Up! Third Hudson Yards Office Tower Rises to Street Level
February 9, 2016

Crane Up! Third Hudson Yards Office Tower Rises to Street Level

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One year since groundwork began, 55 Hudson Yards is starting its ascent into the the far west side skyline. The future 51-story, 1.3-million-square-foot tower is the third office building to rise from the 28-acre Hudson Yards master plan, behind the Coach building at 10 Hudson Yards and Time Warner's 30 Hudson Yards. Fifty-Five Hudson is being spearheaded by a partnership between Mitsui Fudosan America, Inc. (MFA), Related Companies, and Oxford Properties Group. Previously the parcel was owned by Extell Development who once planned a diagrid-ed skyscraper named One Hudson Yards (formerly the World Product Center). The site is positioned just north of the west side rail yards on a full-block parcel bound by Hudson Yards Boulevard, Eleventh Avenue, West 34th Street and West 33rd Street. The building will open onto the new Hudson Boulevard and the recently open subway station for the 7 train. A brick-faced ventilation building that serves the subway extension rises from the southwest corner of the parcel and will be absorbed into the building's massing.
More details, renderings, and construction views
New Views of Robert A.M. Stern’s Limestone-Clad 70 Vestry Street
January 13, 2016

New Views of Robert A.M. Stern’s Limestone-Clad 70 Vestry Street

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The Related Companies has launched the teaser website for its upcoming Tribeca condominium 70 Vestry Street. Related CEO Jeff Blau signed the purchase contract in December 2013 and closed on the six-parcel lot from Ponte Equities for $115.3 million in early 2014. Site excavation is already well underway, and new renderings of the Robert A.M. Stern-designed building have now surfaced. The project will pay homage to the neighborhood's distinctive warehouse architecture, and in true Stern fashion, will be clad in sumptuous French limestone.
More details ahead
State May Reboot Plan for Penn Station Expansion at the Farley Post Office
December 15, 2015

State May Reboot Plan for Penn Station Expansion at the Farley Post Office

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In 2005, the state selected the Related Cos. and Vornado Realty to oversee a $900 million redevelopment of the Penn Station-adjacent James A. Farley Post Office. The project, which came to be known as Moynihan Station, would have turned the full-block structure into an annex for Penn Station. The developers twice tried and failed to move Madison Square Garden into the space; they were also unsuccessful attracting a community college or CBS to the location. And after a promise to close this year on the deal was left empty, Governor Cuomo seems to have had enough. The New York Times reports that he and state officials met with Related and Vornado last week to voice frustrations about the long-stalled project and express the possibility that they'll be replaced.
Details on the possible shakeup
Affordable Housing Lottery Launched for Related’s Yorkville Rental Tower at 205 East 92nd Street

Photographs from mid-October of 205 East 92nd Street by the photoblogger Field Condition. 

December 1, 2015

Affordable Housing Lottery Launched for Related’s Yorkville Rental Tower at 205 East 92nd Street

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Related Companies' playground-pouncing rental tower at 205 East 92nd Street has launched its housing lottery that provides below-market rents for 47 of the building's 231 units. The 36-story tower is in its home stretch of construction, prepping for occupancy in early 2016. Vested in the city's and state's Inclusionary Housing /421-a programs, 20 percent of the units will be reserved for low-income tenants. Fifty percent of the subsidized units will be reserved for residents of Manhattan Community Board 8 (covering the Upper East Side and Roosevelt Island) and an additional 5 percent for municipal employees. Selected applicants will be provided apartments at a tremendous discount when compared to the neighborhood's market-rate rents. According to CityRealty, the median rental price for a one-bedroom in Yorkville stands at $3,210; and $5,398 for two-bedroom apartments. Affordable one-bedrooms at 205 East 92nd will start at $607 and two-bedrooms at $736.
More details and pricing
New Renderings and New Tenant Revealed for 90-Story Hudson Yards Tower
October 30, 2015

New Renderings and New Tenant Revealed for 90-Story Hudson Yards Tower

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Curbed reports that Related Companies and Oxford Properties Group officially announced the signing of private equity firm KKR & Co. for 343,000 square feet of their upcoming mega-tower at 30 Hudson Yards. Marking the event, the developers have released a slew of renderings for the project, which is rising from the southwest corner of 33rd Street and Tenth Avenue. The 90-story building will soar nearly 1,300 feet high, and the deal dictates that the firm will occupy the supertall's top ten floors. KKR will have a dedicated elevator bank, a private sky lobby, and access to the tower’s hotly anticipated observation deck (which will be the highest in the city). The firm will relocate from the Solow Building at 9 West 57th and is slated to occupy the space by 2020.
Lots more renderings and details
Related Buys Far West Side McDonald’s Site, Last Parcel Needed to Complete Hudson Yards

Google Street View of the McDonald’s site with other Hudson Yards construction in the background

October 6, 2015

Related Buys Far West Side McDonald’s Site, Last Parcel Needed to Complete Hudson Yards

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Crain's reports that the Related Companies has bought the site of a McDonald's at 34th Street and 10th Avenue for an undisclosed sum, the final parcel needed to build 50 Hudson Yards. The fast food chain has owned the property for decades, but at the end of last month, the company notified the state that it would lay off all of the location's 65 employees by the end of 2015. Though no formal designs have been released for the corner lot, the developer's website tentatively envisions a 2,300,000-square-foot commercial tower that would reach 62 stories and higher than 1,000 feet.
More details
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